USA: After a chaotic court appearance in the Bahamas, Sam Bankman-fried may be set to travel to the United States to face criminal charges linked to the demise of cryptocurrency exchange FTX.

The disgraced founder of FTX has agreed to be extradited to the United States, according to a statement Monday by banker-lawyer Fried.

His lawyers argued that it was inappropriate for him to appear in court earlier in the day, resulting in the adjournment of the hearing.

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The New York Times was informed by Bankman-local Fried's defense attorney, Jaron Roberts, that the necessary paperwork for extradition would be drawn up.

The Times reported that Roberts told reporters that "Mr Bankman-Fried wants to fix customers, and that is what motivated his decision."

It was not clear when extradition could happen immediately.

Only a week had passed since the bankman-attorney Frieds initially announced his intention to oppose his extradition. The extradition hearing date was set for February 8. This change can speed up the process of sending him to America.

Following a request from the US government, Bankman-Fried was taken into custody by Bahamian authorities on Monday. Prosecutors in the United States claim that he played a key role in the rapid collapse of FTX and concealed its issues from the general public and investors.

Bankman-Fried was charged by the Securities and Exchange Commission with using investor funds to purchase personal and family real estate in an unauthorized manner. The 30-year-old could serve the rest of his life in prison.

Bankman-Fried arrived at the courthouse in a black van with the word Reform written on it, and a SWAT car and a police car following behind. He was quickly escorted by police to the rear entrance of a courthouse.

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Several people who identified themselves as FTX clients or crypto enthusiasts attended the courthouse to observe.

“We want him to feel the weight of what he has done,” said Ben Armstrong, creator of the Bitboy crypto website. Armstrong claimed to have brought a dozen people to the courthouse, some of whom had lost money with FTX.

Bankman-Fried will probably be held at a federal detention facility in Brooklyn, at least temporarily, if she is brought to New York. Sexual abuser singer R. Kelly, the head of a pharmaceutical company, Martin Shkreli, and socialite Ghislaine Maxwell, who was found guilty of assisting millionaire Jeffrey Epstein in the sexual abuse of children, are some of the prison's best-known inmates. Metropolitan Detention Center in recent years.

Maxwell's attorneys often complained to a judge that the MDC, which holds about 1,600 inmates, was filthy and infested with cockroaches and rodents during Maxwell's time there.

Three guards there have recently been found guilty of sexually abusing prisoners. In 2019, due to a power failure, the prisoners had to face cold for a week.

The banker-lawyer Fried will be able to seek his release on bail once he returns to the country. Last week, a different judge in the Bahamas rejected Bankman-bail Fried's application on the grounds that he presented a flight risk.

Bankman—Fried's fall from grace as a crypto evangelist was sudden. Following its crypto counterpart, FTX ran out of money and filed for bankruptcy protection on November 11.

Prior to his bankruptcy, Bankman-Fried was regarded by many in Washington and on Wall Street as the digital currency industry's next big thing, someone who could help them become more widely accepted, among other things. In addition, working with policy makers to increase industry oversight and trust.

On paper at least, Bankman-Fried was worth tens of billions of dollars. He hosted gatherings at lavish resorts in the Bahamas to woo A-listers like Tom Brady or former leaders Tony Blair and Bill Clinton. Sequoia Capital, a well-known Silicon Valley firm, has invested hundreds of millions of dollars in FTX.

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FTX's new CEO John Ray III told a congressional committee Tuesday that the Bankman-action fries weren't particularly sophisticated. It's just old-fashioned embezzlement, he said, taking money from other people and using it for his own benefit.